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This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...
Persistent link: https://www.econbiz.de/10009530812
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...
Persistent link: https://www.econbiz.de/10009384831
to the geography view, societies that were relatively rich in 1500 should also be relatively rich today. In contrast, the …
Persistent link: https://www.econbiz.de/10014123118
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An influential theoretical literature has observed that economic diversification can reduce risk and increase financial … more productive but risky projects, thereby determining the degree of economic diversification. Thus, ordinary least … squares (OLS) estimates of the impact of economic diversification on financial development are likely to be biased. Motivated …
Persistent link: https://www.econbiz.de/10014399998
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